|Bid||11.73 x 2900|
|Ask||0.00 x 1200|
|Day's Range||10.55 - 11.45|
|52 Week Range||8.99 - 24.92|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||7.06|
|Earnings Date||Jul 17, 2023 - Jul 21, 2023|
|Forward Dividend & Yield||0.60 (5.54%)|
|Ex-Dividend Date||Jun 15, 2023|
|1y Target Est||13.18|
TD Bank's plan to buy First Horizon fell through, but that doesn't mean it can't find a way to grow its U.S. business.
Bank of Montreal (TSX:BMO) and another top Canadian bank stock look to be bargains at these levels. The post Why I’m Bullish on Canadian Bank Stocks Right Now appeared first on The Motley Fool Canada.
It's one of the reasons why the lender is sitting on the bench instead of hunting for potential deals in the regional bank sector.
Investing.com -- TD Bank (NYSE:TD) (TSX:TD) reported a decline in second-quarter income that missed expectations and warned that it does not expect to meet its previously outlined earnings target, as Canada's second-largest lender was hit by broader economic pressures and a terminated tie-up with First Horizon (NYSE:FHN).
Shares of the large Canadian lender Toronto-Dominion Bank (NYSE: TD) traded roughly 2.4% lower today in the final hour of trading as the bank gears up to report its earnings results for its second fiscal quarter of 2023 tomorrow morning. TD has also recently been sued over its failed acquisition of First Horizon (NYSE: FHN). Canadian banks are currently in their earnings season, and both Bank of Montreal and Bank of Nova Scotia reported earnings results today that came in weaker than expected.
First Horizon (NYSE: FHN) saw its stock price rise 13.7% this week, as of Friday's opening bell, according to S&P Global Market Intelligence. The stock remains down about 55% year to date as of Friday morning's open, trading at $11 per share. The markets were up this week, as the S&P 500 gained 1.8%, the Dow Jones Industrial Average rose 0.7%, and the Nasdaq Composite surged 3.3% as of Friday at 9:30 a.m. ET.
Restaurant Brands International and another Canadian stock look cheap going into mid-May 2023. The post TFSA Investors: 2 Canadian Stocks I’ll Keep on Buying appeared first on The Motley Fool Canada.
Reports suggest regulators' concern over TD anti-money laundering controls helped scuttle the deal
TD Bank (TSX:TD) stock looks like a great buy, as it moves on from First Horizons to new horizons. The post Why TD’s Failed Merger Could Be Fantastic for Investors appeared first on The Motley Fool Canada.
Here is your Pro Recap of the biggest head-turning deal dispatches you may have missed this week: more market-moving headlines in regional banks Western Alliance and PacWest; JPMorgan officially picks up First Republic; First Horizon and TD Bank drop their planned merger; and Arconic gets taken out by Apollo. The regional bank shares experienced turbulence this week.
Make the most of your $1,000 in May 2023! Uncover why investing in TD Bank stock makes perfect sense for equity investors right now. The post How to Invest $1,000 in May 2023 appeared first on The Motley Fool Canada.
Investors continued to be skittish about bank stocks on Thursday, which was understandable given the continuing turmoil with regional lenders. One member of that group escaped the clutches of the bear that day, however: Toronto-Dominion (NYSE: TD). Wisely, Toronto-Dominion and the lender currently in its sights, First Horizon (NYSE: FHN), announced Thursday they are terminating their merger agreement.
PacWest and other regional banks plunged overnight on a wave of new pessimism about the industry
The Toronto-Dominion Bank and First Horizon have agreed to end their merger. Here's why that's good news. The post TD’s Merger Just Collapsed – Here’s Why That’s Good News appeared first on The Motley Fool Canada.
Yahoo Finance Live’s Ines Ferre reports that First Horizon and TD Bank have agreed to terminate their merger deal.
TD Bank and First Horizon announced in a joint release that they are calling off the previously announced acquisition.
TD Bank Group (TSX: TD) (NYSE: TD) ("TD") and First Horizon Corporation (NYSE: FHN) ("First Horizon" or "the Company") today announced that they have entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on February 28, 2022. TD informed First Horizon that TD does not have a timetable for regulatory approvals to be obtained for reasons unrelated to First Horizon. Because there is uncertainty as to when and if these regulatory approvals can
Investing.com -- Stocks in focus in premarket trade on Thursday, May 4th. Please refresh for updates.
Investing.com -- U.S. lender First Horizon National Corporation (NYSE:FHN) and Canada's TD Bank (TSX:TD) have agreed to end their previously announced $13.4 billion merger, the companies said on Thursday, terminating a deal that had already been facing pressure following the onset of a recent crisis in regional banks.
A rise in revenues and increasing rates support First Horizon's (FHN) Q1 earnings. However, deteriorating credit quality and a fall in non-interest income act as headwinds.
First Horizon (FHN) delivered earnings and revenue surprises of 0% and 0.58%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
First Financial (FFIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Toronto-Dominion Bank (TSX:TD) and Royal Bank of Canada (TSX:RY) are two of Canada's biggest banks. Which is the better stock? The post Better Buy: TD Stock or Royal Bank Stock? appeared first on The Motley Fool Canada.
Toronto-Dominion Bank (TSX:TD) stock has been caught up in the banking panic, but is it really that risky? The post Should You Worry About TD Bank Stock? appeared first on The Motley Fool Canada.
Canadian banks felt the tremors of the U.S. bank collapse, with TD Bank witnessing the biggest hit. Should you be worried about the bank? The post Should You Be Worried About TD Bank Stock? appeared first on The Motley Fool Canada.